PLEASANTON, Calif., Oct. 9, 2012 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, introduces its Refurbishing Program for popular Cobra™ SCARA robots. With factory-certified, like-new performance and equipment life at a fraction of the cost of a new robot, Adept's Cobra Refurbishing Program offers world-class robots, covered by a one-year parts and service warranty and 24/7 support, while conserving customers' capital equipment budgets. This program extends the life of equipment and helps customers maximize their productivity. Adept's most popular Cobra robots – the i600, s600, i800 and s800 – are now available as refurbished units for mechanical assembly, material handling, packaging, machine tending, screw driving and other applications. There are three ways customers can participate in this new program. A customer can send his Cobra robot to Adept, where it is refurbished and sent back. Alternatively, Adept can send a customer a refurbished Cobra robot and later accept his robot as a trade-in. Or an existing customer can purchase a refurbished Cobra robot as a spare. In addition to the one-year parts and service warranty, each refurbished Cobra robot comes with an updated product registration that provides customers access to the latest updates. "At Adept, we are committed to making our customers more productive and supporting our products for the long-term. Our new Cobra Refurbishing Program exemplifies those commitments," said John Boutsikaris, Senior Vice President of Sales and Marketing at Adept. "Customers appreciate that they can get like-new Cobra robots using their maintenance or service budgets, which conserves their capital equipment budgets for other projects." During refurbishing, Adept replaces all wear parts and common failure parts. Each refurbished robot undergoes extensive and rigorous performance testing, and is evaluated against new factory specifications to meet the latest Adept assembly standards.
Adept recommends Cobra robots be refurbished every 32,000 operating hours to help assure the equipment is operating at peak performance.The Cobra Refurbishing Program is initially available to customers in the U.S., Canada and Mexico. About Adept Technology, Inc. Adept is a global, leading provider of intelligent robots and autonomous mobile solutions and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing, and logistical processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaging, Medical, Disk Drive/Electronics, and Solar; as well as to traditional industrial markets including machine tool automation and automotive components. More information is available at www.adept.com. All trade names are either trademarks or registered trademarks of their respective holders. The Adept Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5387 Forward-Looking Statements This press release contains forward-looking statements including, without limitation, statements about our expectations for revenues and cash flow and opportunities in our core markets and potential new markets. Such statements are based on current expectations and projections about the Company's business. These statements are not guarantees of future performance and involve numerous risks and uncertainties that are difficult to predict. The Company's actual results could differ materially from those expressed in forward-looking statements for a variety of reasons. For a discussion of these risk factors relating to Adept's business, see Adept's SEC filings, including the Company's annual report on Form 10-K for the fiscal year ended June 30, 2012, which includes the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors.
CONTACT: Press and Industry Analysts: John Boutsikaris Adept Technology, Inc. 5960 Inglewood Drive Pleasanton, CA 94588 USA Tel: 925 245 3400 Fax: 925 960 0452 Email: firstname.lastname@example.org www.adept.com Financial Analysts: John Dulchinos, Chief Financial Officer Adept Technology, Inc. 5960 Inglewood Drive Pleasanton, CA 94588 USA Tel: 925 245 3413 Fax: 925 245 3510 Email: email@example.com www.adept.com